Accounting services firm secures investment to facilitate M&A strategy
Thu, 10 Nov 2022 | BUSINESS NEWS
Oxford-based accounting, tax, payroll and advisory firm Shaw Gibbs has secured a £10 million investment to facilitate its acquisitive growth plans. The company, which provides services to over 4,000 SMEs and high net worth individuals, secured the funding from private equity firm Apiary Capital.
Shaw Gibbs is looking to expand through a targeted M&A strategy, with the funding also to be used to facilitate the expansion of the firm’s service offering to new and existing clients. The company has locations in Sommertown, Oxfordshire and Marylebone, London and serves high-growth businesses and private individuals, primarily across the South of England and London.
The accounting, tax and payroll market within the UK is large, growing and historically resilient. The sector is also highly fragmented, with more than 40,000 accountancy firms across the UK, meaning that Shaw Gibbs is well-placed to grow via acquisitions.
The company, which is a top 100 accountancy practice, is a member of DFK International, an association comprising 219 member firms, spanning 101 countries and more than 460 offices.
Shaw Gibbs Managing Partner Peter O’Connell commented: “We are very proud of the business we have built, supported by a loyal team and entrepreneurial client base, and are convinced that Shaw Gibbs is ideally placed to capitalise on the compelling consolidation opportunity in the sector.”
“In order to achieve our ambitious growth plans, we recognised that we needed a like-minded partner to support the next chapter of our growth and I am delighted to have found that in Apiary.”
Apiary Capital Partner Nicki Boyd added: “Peter and his team have created an enviable business underpinned by best-in-class client service and a strong culture. We are delighted to be supporting them as they now look to capitalise on the strong platform they have built through a targeted buy-and-build strategy.”
Find out more about securing private equity backing for an M&A strategy.
Read more on M&A in the UK professional services market.
Find businesses for sale here.
If you are looking for an exit, we can help!.
Share this article
Latest Professional and Financial Businesses for Sale
Consultancy, Training, Engineering and CQV
UK Wide
The group provides consultancy and training across a wide range of specialisms within the pharmaceutical, biotech, and medical device sectors. In addition, the group offers engineering and CQV services for sterilisation, depyrogenation, thermal syste...
Multi-Partner Practice
East Midlands, UK
This practice, which was established over 20 years ago, is available for sale. The Partners would be available to assist in the transition period to ensure a smooth handover of clients.
Chartered Accounting Firm
South West and S Wales, UK Wide
This practice, which was established over 15 years ago, is available for sale. The Partners would be available to assist in the transition period to ensure a smooth handover of clients.